Annual General Meeting

3/17/2005 13:00

Annual General Meeting of Carlsberg A/SThe Annual General Meeting of Carlsberg A/S took place on 16 March in accordance with the attached agenda.

The annual report was approved as well as the Board of Directors' proposal regarding the distribution of the profit for the year, including a dividend of DKK 5.00 per share, corresponding to 25% of the share capital.

The General Meeting authorised the Board of Directors to acquire own shares, cf. Section 48 of the Danish Companies Act.

The proposal of the Board of Directors to change article 33 (number of auditors) of the Articles of Association was approved and a consequential change was made in article 24 (2) f (agenda).

As proposed by the Board of Directors, Axel Michelsen, Professor, D.phil., and Henning Dyremose, President and CEO, were reelected as members of the Board of Directors and Flemming Besenbacher, Professor, D.Sc., was elected as new member of the Board of Directors.

As proposed by the Board of Directors, the auditing firm KPMG C. Jespersen was reelected as auditor.

At a subsequent Board Meeting, the Board of Directors elected Povl Krogsgaard-Larsen, Professor, D.Sc., Ph.D., Dr.h.c., as chairman and Jens Bigum, Managing Director, as deputy chairman.